BJRI vs VXZ: Correlation
BJ's Restaurants, Inc. (BJRI) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) show a negative relationship: their 3-year correlation of weekly returns is -0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BJRI and VXZ?
Over the past 3 years, BJRI and VXZ moved with a correlation of -0.35, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.35 lands near the 3-year figure. Over 5 years the correlation is -0.35, and the annualized covariance of weekly returns is -376.7 %².
VXZ is close to the least connected end of BJRI's tracked universe, ranking #15 of 16. Correlation aside, the last 12 months split them widely, with BJRI ahead by 102.2 points (+86.1% versus -16.1%). Risk is not evenly split, since BJRI carries 1.6 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
BJRI vs VXZ: side by side
| BJRI (BJ's Restaurants, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +86.1% | -16.1% |
| 5-year return | +50.0% | -53.1% |
| Volatility (ann.) | 41.5% | 25.6% |
| Beta vs S&P 500 | 1.20 | -1.31 |
| Max drawdown (3Y) | -38.7% | -36.4% |
| Market cap | $1.4B | – |
| P/E (trailing) | 33.7 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BJRI | VXZ |
|---|---|---|
| 2022 | -23.6% | +0.5% |
| 2023 | +36.5% | -44.0% |
| 2024 | -2.4% | -12.7% |
| 2025 | +12.1% | +5.7% |
| 2026 | +61.7% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BJRI and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.35 means the two rarely move for the same reasons.
FAQ
What is the correlation between BJRI and VXZ?
As of 2026-08-27, the correlation of weekly returns between BJRI and VXZ is -0.35 over 3 years, -0.35 over 1 year and -0.35 over 5 years.
Is VXZ a good diversifier for BJRI?
By historical standards, yes. A correlation of -0.35 means the two rarely move for the same reasons.
What does a correlation of -0.35 mean?
A reading of -0.35 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bjri-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bjri-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BJRI correlations · VXZ correlations
